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Abu Dhabi National Co for Building Materials PJSC (ADX:BILDCO) Receivables Turnover : 6.73 (As of Dec. 2023)


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What is Abu Dhabi National Co for Building Materials PJSC Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Abu Dhabi National Co for Building Materials PJSC's Revenue for the six months ended in Dec. 2023 was د.إ41.15 Mil. Abu Dhabi National Co for Building Materials PJSC's average Accounts Receivable for the six months ended in Dec. 2023 was د.إ6.11 Mil. Hence, Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover for the six months ended in Dec. 2023 was 6.73.


Abu Dhabi National Co for Building Materials PJSC Receivables Turnover Historical Data

The historical data trend for Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Abu Dhabi National Co for Building Materials PJSC Receivables Turnover Chart

Abu Dhabi National Co for Building Materials PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.24 2.11 3.80 5.99 6.73

Abu Dhabi National Co for Building Materials PJSC Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.24 2.11 3.80 5.99 6.73

Competitive Comparison of Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover

For the Building Materials subindustry, Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover falls into.


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Abu Dhabi National Co for Building Materials PJSC Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=41.148 / ((5.101 + 7.124) / 2 )
=41.148 / 6.1125
=6.73

Abu Dhabi National Co for Building Materials PJSC's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=41.148 / ((5.101 + 7.124) / 2 )
=41.148 / 6.1125
=6.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Abu Dhabi National Co for Building Materials PJSC  (ADX:BILDCO) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Abu Dhabi National Co for Building Materials PJSC Receivables Turnover Related Terms

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Abu Dhabi National Co for Building Materials PJSC Business Description

Traded in Other Exchanges
N/A
Address
Salam Street, Abu Dhabi National Company For Building Materials, P O Box: 2443, Abu Dhabi, ARE
Abu Dhabi National Co for Building Materials PJSC is engaged in the manufacturing of building and construction products. The company sells its products to various customers in the United Arab Emirates.

Abu Dhabi National Co for Building Materials PJSC Headlines

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